Port News

Storied VLCC sold below book

In the secondhand wet market, recent fixtures indicate firmer sentiment for modern tanker tonnage, but the outlook appears a bit different for older units.  A 15-year-old VLCC registered in Hong Kong, the Oceanic Fortune, is widely reported to have been sold. Numerous broking sources suggest the vessel is changing hands for around $57m, roughly $1mbelow …

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